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TradingMarkets 7 Stocks You Need to Know for Monday

By David Penn | TradingMarkets.com
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Rebounding oil prices helped stymie stocks on Friday, with the major indexes all moderately lower by the close.

The Dow ended the day down 51.70. The Nasdaq Composite lost 14.59. And the S&P 500 closed lower by 7.07.

Here are 7 Stocks You Need to Know for Monday

General Motors (GM | Quote | Chart | News | PowerRating) reported a massive quarterly loss of more than $15 billion . Declining sales in North America were among the factors blamed.

At the annual shareholder meeting of Yahoo! (YHOO | Quote | Chart | News | PowerRating), embattled CEO and founder Jerry Yang said that the company would soon see results from its new web strategy.

With union contracts expiring this weekend, workers at Verizon (VZ | Quote | Chart | News | PowerRating) are not anticipated to immediately launch an already-authorized strike.

By a 3-2 vote, the Federal Communications Commission found that Comcast (CMCSA | Quote | Chart | News | PowerRating) had operated improperly in blocking Internet access from customers who use peer-to-peer (P2P) file sharing.

According to published reports, Wal-Mart (WMT | Quote | Chart | News | PowerRating) has been warning its managers and workers of the likelihood of renewed organized labor activity should a Democrat win the Presidential election in November.

Reporting earnings Monday morning before the market opens, Humana (HUM | Quote | Chart | News | PowerRating) is expected to announce EPS of $1.118.

Citigroup (C | Quote | Chart | News | PowerRating) acknowledged that it had received subpoenas from the SEC about its dealing in auction-rate securities and potential violations of federal securities laws.

Do you think Citigroup will be Up or Down on Tuesday? Play the TradingMarkets Up or Down Stock Contest for your chance to win $1,000 by correctly guessing the direction of a stock.


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